Two Korean electric vehicle battery makers have reached a last-minute settlement, saving President Biden from a Sunday deadline to decide whether to intervene in the global trade secret dispute.
Why it matters: The deal between SK Innovation and its rival, LG Chem, "averts a 10-year import ban on SK Innovation Co.'s products and protects thousands of jobs in the politically important state of Georgia," according to Bloomberg, which first reported the news.
John Kerry, President Biden's special climate envoy, is expected to travel to China next week for meetings with officials aimed at boosting collaboration, the Washington Post reported Saturday.
Why it matters: China is the world's largest carbon dioxide emitter and the U.S. is second-largest.
More tropical storms and hurricanes will take place during an "average" Atlantic hurricane season, the National Oceanic and Atmospheric Administration announced Friday in its new guidelines.
Why it matters: NOAA attributed the uptick in hurricanes to better reconnaissance technology and climate change warming the oceans and atmosphere, which may make the storms more common and destructive.
After co-piloting President Obama's efforts to fight climate change as vice president, Joe Biden is having his second go, releasing a broad infrastructure proposal his administration hopes will lead to meaningful legislation and investment into stemming U.S. greenhouse emissions.
The big picture: Though there are no concrete programs yet — Congress will have to formulate those — many in venture capital are hopeful such programs will provide new opportunities for startups tackling climate change.
